Platinum Executives’ Fraud Convictions Intact After Supreme Court Rejection
Mark Nordlicht exits federal court in Brooklyn, New York, in Dec. 2016.
Source: BloombergThis article is for subscribers only.
The US Supreme Court left intact the fraud convictions of Platinum Partners LP co-founder Mark Nordlicht and former co-chief investment officer David Levy, refusing to hear arguments that they should be awarded a new trial.
The men said a federal appeals court was wrong to reinstate the convictions last year after a trial judge threw out the jury’s guilty verdict. The New York-based 2nd US Circuit Court of Appeals ruled that U.S. District Judge Brian M. Cogan had overstepped his authority.